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What is Bitcoin?
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Bitcoin is the first
decentralized digital currency.
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Bitcoins are digital coins
you can send through the Internet.
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Compared to other alternatives,
bitcoins have a number of advantages.
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Bitcoins are transferred directly
from person to person via the net
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without going through
a bank or clearinghouse.
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This means that the fees are much lower,
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you can use them in every country,
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your account cannot be frozen
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and there are no prerequisites
or arbitrary limits.
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Let's look at how it works.
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Several currency exchanges exist
where you can buy and sell bitcoins
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for dollars, euros and more.
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Your bitcoins are kept in your digital
wallet on your computer or mobile device.
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Sending bitcoins is as
simple as sending an email
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and you can purchase
anything with Bitcoin.
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The Bitcoin network is secured
by individuals called miners.
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Miners are rewarded newly generated
bitcoins for verifying transactions.
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After transactions are verified they are
recorded in a transparent public ledger.
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Bitcoin opens up a whole
new platform for innovation.
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The software is completely open source
and anyone can review the code.
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Bitcoin is changing finance the same way
the web changed publishing.
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When everyone has access to a
global market, great ideas flourish!
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Bitcoins are a great way for businesses
to minimize transaction fees.
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It doesn't cost anything to start
accepting them and it's easy to setup.
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There are no chargebacks and you'll get
additional business from the Bitcoin economy.
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For more information about
Bitcoin visit: weusecoins.com